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November 15, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > North Salem, Business Loans > North Salem State Bank North Salem Business Loans > General Medical And Surgical Hospitals Loan | ||||
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Who Lends Money to Greencastle Small Business Owners
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North Salem State Bank Gives Bank Loan to General Medical And Surgical Hospitals CompanyIndianaSmall business loans are available to Indiana small business owners through the SBA. In this case, an Indiana bank provides the loan. By giving the right information to North Salem State Bank, this Greencastle, Indiana business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: GENERAL MEDICAL AND SURGICAL HOSPITALS SBA Loan Lender NORTH SALEM STATE BANK This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 622110 - General Medical and Surgical Hospitals Loan Approval Date 2/3/2005 Loan Approval Gross Amount $115,500 Loan Approval from the SBA Of the total $115,500 loan amount, the SBA guaranteed $98,175. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $115,500 loan. Remember, anyone can do it... so why not you? About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Where to Get an SBA Loan in North Salem, Indiana
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